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Consider a community with a single employer. That employer's marginal expenditure curve must lie above the labor supply curve because the monopsonist must: A. choose
Consider a community with a single employer. That employer's marginal expenditure curve must lie above the labor supply curve because the monopsonist must:
A. choose the competitive quantity of labor
B. increase its marginal expenditure by the amount paid to the last employee hired
C. raise the wage paid to its existing employees if it wants to attract additional units of
labor
D. pay a wage higher than the competitive wage
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